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M. K. Dube, Executive Director of
BHEL, Bhopal Unit (second from left) addressing Press
conference |
Bhopal:
India's giant Public Sector Undertaking, (PSU), Bharat Heavy
Electricals Limited, (BHEL), Bhopal Unit has registered a record 18
per cent growth over the previous year contributing Rs. 1219 crores
(274.58 million USD)to the turnover during 2010-11. Last fiscal, the
turnover was Rs. 1027 crores (231.332 million USD).
Addressing a crowded Press conference here on Tuesday Mr. M. K. Dube,
Executive Director of BHEL, Bhopal unit, made the above
announcement.
Replying to a query Mr. Dube said that the company has export orders
in hand worth about Rs. 1700 crores (382.76 million USD) from
countries like Vietnam, Tajikistan, Rwanda, Bhutan etc. The company
has exported electrical equipments to Italy, Afghanistan and Nepal,
he added. Mr. Dube revealed that BHEL Bhopal unit has registered 13
per cent increase in its overall turnover during the fiscal year
2010-2011.
The record production turnover was to
the tune of Rs. 4,202 crores (946.077 million USD) during 2010-11
and the Profit before Tax, (PBT), being Rs. 648 crore (145.897
million USD) which is seven per cent increase as compared to last
fiscal. The company achieved this profit after absorbing an
additional amount of Rs. 94 crores (21.164 million USD) towards
personnel payments. The turnover in the previous financial year was
Rs. 3708 crores (834.853 million USD).
While congratulating the employees, he said that the record
production turnover target could be met with the dedication and team
efforts of the employees only.
Mr. Dube informed that the Bhopal unit made value addition @ 17 per
cent and the figure this year after addition stands at Rs. 1897
crore (427.856 million USD). He said that the year 2010-11 has been
significant for the engineering & product development sector too
where India’s first 765 kV, 500 MVA Single Phase Auto Transformer
have been developed & 1200 kV, 333 MVA indigenously developed Auto
transformer is at its final stage.He announced the coming year’s
target i.e. for 20011-12 will be of Rs. 5010 crore (1128 million USD)
and said it is very competitive keeping in mind the current
competitive economic scenario. But the employees of BHEL, Bhopal can
achieve any target.
Alluding to CMD’s statement Mr. Dube
said that CMD Mr. B. P. Rao urged the employees to put all out
efforts to meet the production target. He said that how the Trade
Union, Supervisor Association and Executive Association worked hand
in hand to achieve 2010-11’s desired target.Mr. Dube further made
the news persons and the employees of the organization present on
the occasion aware about BHEL, Bhopal’s capacity augmentation,
investment proposals and other technological developments. He said
that R & D expenditure has been enhanced to Rs. 112 crore (25.2167
million USD) compared to previous years expenditure of Rs. 104 crore
(23.4332 million USD). The Patent registration also registered
growth and 42 patents have been registered so far, he revealed.
While throwing light on the current business growth he said that a
large number of recruitments have been made this year. He also
highlighted various developmental activities done towards CSR and
numerous steps adopted by BHEL Ladies club for the empowerment of
the weaker sections of the society. Modernisation of the Hospital
has been done keeping in view the welfare of the employees.
Renovation of the streets around the township and overhauling the
quarters of the township has also been done keeping the current
recruitments in mind.
Mr. Dube prior to the end of the Press conference made the gathering
aware about different social, industrial development with the help
of a Power Point presentation. BHEL is the company of the people of
India and the nation’s development is associated with it.
Concurrence of all is expected for this to happen. He highlighted
the remarkable work done in the development of the state as well as
the nation by BHEL.
Meanwhile, it may be mentioned here that the BHEL Corporation, which
has 15 manufacturing divisions spread all over India, completed
another successful year, which saw private as well as public sector
utilities and other customers reposing confidence in the company’s
capabilities. The BHEL Corporation in 2010-11 notched up its
highest-ever turnover of Rs. 43,451 crore (9.80503 billion USD),
registering a growth of 27 per cent over the previous year.
The Profit Before Tax surged 37 per
cent at Rs. 9,016 crore (2.03453 billion USD), during the year. The
Net Profit i.e. Profit After Tax, (PAT), was Rs. 6,021 crore
(1.35868 billion USD) which is an increase of 40 per cent over the
previous year. An interim equity dividend of 132.5 per cent was paid
for fiscal 2010-11, maintaining the track record of paying dividends
uninterruptedly since 1976-77.
It may be pointed out here that Heavy Electrical Plant, Bhopal is
the mother plant of Bharat Heavy Electricals Limited, the largest
engineering and manufacturing enterprise in India in the
energy-related and infrastructure sector, today. With technical
assistance from Associated Electricals (India) Ltd., a UK based
company, it came into existence on 29th of August, 1956. Pt.
Jawaharlal Nehru, the first Prime minister of India, dedicated this
plant to the nation on 6th of November, 1960.
BHEL, Bhopal with state-of-the-art facilities, manufactures wide
range of electrical equipments. It’s product range includes Hydro,
Steam, Marine & Nuclear Turbines, Heat Exchangers, Hydro & Turbo
Generators, Transformers, Switchgears, Control gears, Transportation
Equipment, Capacitors, Bushings, Electrical Motors, Rectifiers, Oil
Drilling Rig Equipments and Diesel Generating sets.
BHEL, Bhopal certified to ISO: 9001, ISO 14001 and OHSAS 18001, is
moving towards excellence by adopting TQM as per EFQM / CII model of
Business Excellence.
(pervezbari@eth.net)
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